#Strategy to Issue Stride Shares  Strategy is increasing its Bitcoin purchases with a new $250 million stock offering.

Strategy plans to raise $250 million through a new class of perpetual preferred stock to fund more Bitcoin purchases.

The bitcoin accumulator said in a statement on June 2 that it plans to issue 2.5 million 10% Series A Perpetual Stride Preferred Stock (STRD) at $100 per share.

The proceeds from the offering will be used to purchase additional Bitcoin BTCUSD  and provide working capital.

Perpetual preferred shares generally pay fixed dividends, have no maturity date, and are prioritized over common stock in terms of payment priority.

Strategy’s perpetual preferred stock offering will be offered to institutional investors and select non-institutional investors.

The offering will be a new financing vehicle for Strategy to buy Bitcoin, which has so far been funded primarily through common stock and convertible bond issuances.

Strategy is the world’s largest institutional Bitcoin holder, with 580,955 Bitcoins (worth over $61.7 billion) on its balance sheet, according to the company’s website.

Strategy’s Bitcoin holdings are more than double the combined total of the other 117 public companies holding Bitcoin, according to NET data.

$250 million could buy another 2,351.8 Bitcoins at current market prices.

Michael Saylor, Strategy’s president and co-founder, is the chief architect of the company’s Bitcoin investment strategy.

There is no dividend guarantee for STRD holders.

STRD holders are entitled to receive a 10% annual cash dividend only if declared by Strategy’s board of directors or an authorized committee.

Dividends are not cumulative, meaning that unpaid dividends do not carry over to future periods.

If declared, STRD dividends will be paid on the last day of each fiscal quarter. The first payment will be made on September 30, 2025.

If less than 25 percent of the total STRD shares outstanding remain, Strategy may repurchase all of those shares for cash. If a “fundamental change” occurs, STRD holders may request that their shares be repurchased for cash. In either case, the repurchase price includes declared and unpaid dividends in addition to a $100 liquidation priority.

The offering is being conducted under a valid shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC).